Benefits of an LLC? Please help

[Jeff O'Shea]

Does it make sense to start an LLC or just continue to own / buy under my name and pay for umbrella coverage. I am always looking to continue to grow my real estate portfolio and wanted some advice on if it makes sense to start an LLC? With the LLC the mortgages become commercial and the interest rate is higher but I am also protecting my personal assets. Also if the homes are under the LLC, how does that work if I wanted to do a cash out refinance? Under the LLC will each property have a mortgage or will it just be one large mortgage for all the properties in one? Thanks in advance.